GameStop Joins the Bitcoin Club With $513M Crypto Bet - adtechsolutions

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GameStop Joins the Bitcoin Club With $513M Crypto Bet


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Gamestopan American video game salesman confirmed that it was holds bitcoin

Btc

106.987,39 USD



As part of its financial strategy
.

Company announced on May 28 Through his official X account revealing that he had Purchased 4.710 BTC. This is the first time Gamestop has publicly discovered the possession of any bitcoin.

While the announcement confirmed the purchase size, she did not include details about when transactions occurred or how much was paid by money. Separate regulatory submission With the American Commission for Securities (SEC), he also kept these figures unclear.

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At the time of the announcement, The total value of Bitcoin was about $ 513 million.

Purchase follows a Previous statement from Gamestop on March 26, when he shared plans for investing in Bitcoin. To finance the purchase, the company has issued a convertible note worth $ 1.3 billion. These are a form of debt that can later be converted into a company’s shares.

Gamestop said at the time that Funds would help support its entry into the cryptocurrency market.

With this purchase, Gamestop joins numerous companies that add Bitcoin to their balance sheets.

On May 12, Metaplanet, a Japanese investment company, announced that it bought 1,241 BTC at a price of about 14.8 million per money, which is an equivalent of about $ 101,843. What did the company say about it? Read the whole story.

After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.




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